I'm not going to make a call either way on this one but we should be able to clearly see the choice that is made within the next few days. The price has returned to that orange resistance trendline
that forced it out of its purple channel late last year. On the RSI
, we can see that the orange resistance trendline
is potentially going to be broken. Failing that, a bearish
divergence would be produced and it might be some time before the price attempts to break this trendline
again. On the other hand, if the bullish
scenario happens, we could see some seriously bull
action in the medium to long-term.